Mary Terese Agoglia Hoeltzel
CPA, Senior Vice President, Tax & Global Chief Accounting Officer
Main Conference Day Two: Wednesday, 4 December 2019
Wednesday, December 4th, 2019
1:50 PM AI TO IMPROVE INTERNAL AUDITS
Auditing internal reports is a very time-consuming, tedious, and manual process. IA technologies such as AI, ML, and deep learning can significantly improve the process and add great value to an organization’s internal audits systems.
By taking away tasks that involve humans reviewing large amounts of unstructured data looking for risks and controls, the above IA technologies enables Auditors to direct their assessments towards known industry-wide issues, audit coverage completeness, report investigations better, and ensure best practices during the internal audit lifecycle.